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Naira Down To N1,525/$ In Parallel Market - Business - Nairaland 304r5g

Naira Down To N1,525/$ In Parallel Market (14192 Views)

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ogododo: 7:23am On May 28, 2024
The Naira yesterday depreciated in the parallel market to N1,525 per dollar from N1,520 per dollar last weekend. However, the Naira appreciated to N1,339.33 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,339.33 per dollar from N1,482.81 per dollar last weekend, indicating N143.48 appreciation for the
Consequently, the margin between the parallel market and NAFEM rates widened to N185.67 per dollar from N37.19 per dollar last week Friday.

https://www.vanguardngr.com/2024/05/naira-down-to-n1525-in-parallel-market/

2 Likes

OmotolaDeniro(f): 7:24am On May 28, 2024
Ebimpawa ooooo Tinubu werey man

88 Likes 5 Shares

weMUSTsayIT: 7:25am On May 28, 2024
Pahahahahaha


Zoooooooooooooooooooooo

24 Likes

Racoon(m): 7:39am On May 28, 2024
Import-dependent economy, lack of investors confidence, policy somersaults, reckless government spending, chronic taxation and borrowings( debt servicing, dubious fuel subsidy payments), skyrocketing inflation and forex flight are all taking their toll on the naira.

Meanwhile, Cardoso have no solution in sight for this disturbing trend. Reno Omokri is no more talking of buy or grow Nigeria with the downward dollar swipe again. Lies and propaganda does not translate to good governance.

110 Likes 9 Shares

ogododo: 7:59am On May 28, 2024
Nlfpmod come see dere lies wey sey dollar don fall.

4 Likes 1 Share

Okortor: 8:18am On May 28, 2024
Do we still have reserve as it stands?

7 Likes 3 Shares

Creamypie(m): 8:18am On May 28, 2024
APC Una doh

16 Likes

dayleke: 8:18am On May 28, 2024
Unending cycle.... embarassed

4 Likes

Hndrrxxx(m): 8:18am On May 28, 2024
Gff
Kobicove(m): 8:18am On May 28, 2024
I don't like seeing this type of news on front page, it causes unnecessary panic angry

3 Likes

eliwa47(m): 8:19am On May 28, 2024
When will this yeye news of ups and downs of Naira stop? undecided

7 Likes 1 Share

Robnectar(m): 8:19am On May 28, 2024
Mhmmmm
Paparazi2011(m): 8:19am On May 28, 2024
Is this news ?
Amayabor1: 8:20am On May 28, 2024
Who do they blame and arrest this time?

22 Likes 2 Shares

Adeolajude(m): 8:20am On May 28, 2024
One year in office celebration package

20 Likes 1 Share

Gbadugbakun(m): 8:20am On May 28, 2024
Shebi Tinubu said he has stopped the bleeding. Which one con be this one na. 😒

15 Likes 2 Shares

gadgetplanetng: 8:20am On May 28, 2024
Is it Binance?

29 Likes 1 Share

GAZZUZZ(m): 8:20am On May 28, 2024
Hopefully it will crash

2 Likes 1 Share

emmancipated(m): 8:21am On May 28, 2024
See as the thing dey go up and down anyhow
Bizibi(m): 8:21am On May 28, 2024
The free float is not working,go back to the system of keeping the naira healthy.

11 Likes

slaawomirr: 8:21am On May 28, 2024
Damnnn niggar

Imagine

4 Likes 1 Share

BubeChi: 8:21am On May 28, 2024
cry
iwaeda: 8:22am On May 28, 2024

13 Likes

Solofresh2: 8:22am On May 28, 2024
Kobicove:
I don't like seeing this type of news on front page, it causes unnecessary panic angry
It is the reality of life you can't run away from

7 Likes

MrPADDY(m): 8:22am On May 28, 2024
Good morning, Nigeria. Sad reality, but we always find a way to navigate through.
If you are a digital merchant, you should earn more in foreign exchange. You just need the right info and tools.

1 Like

honestivo(m): 8:23am On May 28, 2024
It's obvious the handlers of our economy now not capable, no headway

3 Likes

fabolouz1(m): 8:23am On May 28, 2024
Are the mods always happy for the down spiral of the naira?
francichuks(m): 8:23am On May 28, 2024
I advise every serious Nigerian to work harder to survive and not hope on this government of d ri h,by d rich & for d rich.
D poor has been programmed to die!
...if U know: U know.

13 Likes

keymatt(m): 8:23am On May 28, 2024
Let's blame Binance! grin grin grin

8 Likes

dfrost: 8:25am On May 28, 2024
Na wa ooh
Kingluqman(m): 8:25am On May 28, 2024
Make e remain so till they launched Tapswap oo grin

1 Like

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